Comments on: Forex Gold Trader V1.0 EA Review

By: bubbles

bubbles — Sat, 15 Jan 2011 20:19:12 +0000

i purchased this a few weeks ago. and have had a coupe of closed trades – took it a while and on conservative lots not much profit at all… It has opened a few others and one was in a rather large drawdown whihc concerned me as it then opened more…made me wonder if that was live account and increasingly getting higher in drawdowna and opening further orders if it owuld have brought me to get a margin call. I cut the amount of trades allowed down and have about 3 running in negative presently and a shed load pending!! . One has been in drawdown for a while… I’ll be reviewing whats happening to Gold to determine whether this is a short term problem or i need to quit this EA for better times and geta refund. I would recommend ensure they demo this EA to ensure you are totally accustomed to how it trades and the drawdown you can expect. It gets high! and stays like that for days at times… I’ll monitor some more.

By: Cass Brown

Cass Brown — Fri, 14 Jan 2011 21:42:47 +0000

Bought EA in December and put on live Account on January 3. Big big mistake. I lost over 1,300 USD betwen Jan 3 and Jan 14. OPen buy trades for Gold and silver and both went down and never recovered. Also tried to do a partial close but found I could not as minimum lot size on GOMarket was 0.05 (It seems for Gold and silver was 0.05). I had no option but to close out full trade as my equity kept falling. Took a heavy loss. It was first time trading Gold and slver and should have demo to get an understanding. Have requested refund

By: sugiatno

sugiatno — Wed, 15 Dec 2010 10:56:36 +0000

great site…i bought forex gold trader in oktober.i run the EA in masterforex.in novermber i got 1820 usd from 5000.looks great EA to me.if you want to see my trading journal : http://masterforex.mt4live.com.hope it help

By: Agus Wibowo

Agus Wibowo — Mon, 11 Oct 2010 04:53:36 +0000

I have bought this EA, i like their idea. BUY when UP trend and do nothing when downtrend and keep some BUY orders floating. I think thats okay keep my buy orders still floating for while since my account is free swap. I have tried their EA since Oct 1, 2010. Now my account profits almost 9%. Plus, the price is very cheap for me!